Saudi Arabia Investment Fund offers to raise its stake in Selfridges
Saudi Arabia’s Public Investment Fund (PIF) has made an offer that would raise its stake in UK department store Selfridges to 50%, according to Bloomberg News.
Douglas Group raises sales forecast, sells online pharmacy business
Douglas Group has raised its net sales growth forecast for the current financial year 2023/24 from around 7% to around 8.5%.
Superdrug sales up 11.8% in 2023
Superdrug has reported sales rose by 11.8% to £1.52bn for the year 2023 (vs £1.36bn in 2022).
Arkhouse and Brigade up offer to acquire Macy’s
Arkhouse Management and Brigade Capital Management are said to have upped their bid to buy Macy's for around $6.9bn.
Anjac Health & Beauty invests in APR Beauty
French industrial group Anjac Health & Beauty has invested in Canadian company APR Beauty.
L’Oréal CEO predicts slower growth for beauty market due to weakness in China
L’Oreal’s CEO, Nicolas Hieronimus, has predicted slower growth for the overall beauty market this year due to weakness in China.
L’Occitane International’s sales exceed €2.5bn mark in 2024, profit declines
L’Occitane International reported net sales surpassed the €2.5bn mark to €2.54bn for the 2024 financial year ended March 31, 2024.
Sa Sa International turnover up 24.8% in 2023
Sa Sa International reported group turnover increased by 24.8% to HK$4.36bn ($558m) in 2023.
L’Occitane owner makes new offer to buy out company
L’Occitane International’s owner Reinold Geiger has made a new offer to take the cosmetics company private.
LVMH said to be planning sale of DFS Group
LVMH is said to be planning on selling travel retailer DFS Group this summer at the earliest, according to ION Analytics.
Lalique to take company private
Lalique Group and its majority shareholder Silvio Denz intend to delist the company’s shares from Switzerland's SIX Stock Exchange.
Ulta Beauty sales growth slows, lowers guidance
Ulta Beauty has reported net sales were up 3.5% to $2.7bn in the first quarter of fiscal 2024.
Douglas sales up 11.5% in Q2
The Douglas Group has reported overall net sales increased by 11.5% to around €958m in the second quarter of 2023/24.
Target sales down 3.7% in Q1
Target Corporation reported comparable sales fell 3.7% in the first quarter of 2024.
Groupe Rocher to sell Flormar
Groupe Rocher has inked a share purchase agreement with a consortium of three Turkish investors with a view to sell its make-up brand Flormar.
Chanel sees strong growth in fragrance and beauty in 2023
Chanel reported a 16% increase in revenue in 2023
Natura &Co net revenue down 5.7% in Q1
Natura &Co has reported consolidated net revenue of R$6.1bn ($1.18bn) in the first quarter of 2024.
Shiseido sales up 3.9% in Q1
Shiseido has reported net sales in the first three months of fiscal year 2024 rose 3.9% on a reported basis to ¥249.5bn ($1.6bn).
IFF Scent segment sales up 16% in Q1
IFF saw net sales of $2.90bn on a reported basis in the first quarter, down 4% compared to the prior-year period.
Coty net revenue up 8% in Q3
Coty saw net revenues grow 8% on a reported basis and 10% on a like-for-like basis to $1.38bn in the third quarter of fiscal year 2024.
Puig begins trading on the Spanish Stock Exchanges
Puig begun trading today as a listed company on the Barcelona, Madrid, Bilbao and Valencia Stock Exchanges (the Spanish Stock Exchanges).
Sycamore Partners said to be interested in taking Nordstrom private
Sycamore Partners is one of the buyout equity firms that have expressed interest in taking Nordstrom private.
dsm-firmenich sales down 2% in Q1
Dsm-firmenich reported sales fell 2% in the first quarter of 2024 to €3.07bn.
ELC Q3 sales up 5%, travel retail improves
Estée Lauder Companies’ (ELC) sales rose 5% to $3.94bn for its third quarter ended March 31, 2024
Puig sets share price for IPO
Puig has set the price guidance for its IPO at €24.50 per share, the top end of a previously reported range.
L’Occitane owner offers to buy out company
L’Occitane International’s owner Reinold Geiger has made an offer to take the French cosmetics company private.
Unilever’s sales up 4.4% in Q1
Unilever reported underlying sales increased 4.4% in the first quarter of 2024.
Symrise sales up 5% in Q1
Symrise reported sales rose 5% in its reporting currency to €1.29bn in the first quarter of 2024.
Hermès Perfume and Beauty sales up 4.3% in Q1
Hermès reported consolidated revenue of €3.8bn in the first quarter of 2024.
Interparfums sales down 1% in Q1
Interparfums has reported sales of €212.7m in the first quarter of 2024.